Those general statements heavily point the introduction of a capital gains tax or wealth tax, or so you would think. For example, someone earning a salary of $80,000, with no other income, pays 22% tax on that income, excluding GST. Jacinda Ardern had ruled out a Capital Gains Tax while she was Prime Minister. From Stuff:Labour will not propose a wealth tax or a capital gains tax at the election, Labour leader Chris Hipkins said on Wednesday. “I’m confirming today that under a Government I lead there will be no wealth or capital gains tax after the election.
